The Social Security tax is
A. A regressive tax.
B. A progressive tax.
C. A proportional tax.
D. A proportional tax at low income levels and a progressive tax at higher income levels.
Answer: A
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In the context of the environment, the type of transactions costs that includes sampling the emissions of many companies to determine which company or companies are emitting pollution are called
A) search costs. B) collectivization costs. C) negotiation costs. D) monitoring and enforcement costs.
Which of the following factors affect a country's net foreign investment?
a. real interest rates paid on foreign assets b. real interest rates paid on domestic assets c. government policies that affect foreign ownership of domestic assets d. all of the above e. none of the above
When MR < MC for a firm, the firm should
A) reduce its level of output. B) stay at the same level of output. C) stop producing. D) increase output, unless P < AVC.
Some companies subject their applicants to extensive tests. Why?
A) to reduce the informational asymmetry between the firm and the applicant B) to screen the applicant to avoid the problem of adverse selection C) to gather more information about the applicant D) All of the above.